In particular, blockchain protocol Digital Asset would now be able to work alongside R3’s Corda platform, while Hyperledger Fabric and JPMorgan’s Quorum make up another interoperable group.
Talking about the two separate solutions, which the organization has officially tried, managing director and Global Blockchain head David Treat Regard depicted them as a “game changer.”
David Treat further said “The key challenge was to develop the ability to integrate without introducing ‘operational messaging’ between distributed ledger technology platforms in order to stay true to the principles and benefits of blockchain technology.”
He further stated “Applying this capability with our clients is already unlocking new opportunities to bring ecosystems together, mitigating key concerns about picking the ‘wrong’ platform or having to re-build if one partner uses something different.”
All four blockchain platforms continue to be successful in spreading enterprise globally and finding their way into systems in different sectors of the global economy. In the most recent transaction in Thailand, Accenture also opted for a single system in which Corda served as the basis for its Procure-to-Pay product.
R3’s CTO Richard Gendal Brown stated the following:
“We have said right from the beginning that interoperability is key to avoiding the trapped assets and silos of the past.”